Why technology eliminates jobs but doesn't increase the level of unemployment even though for more than 50 years that has been the worry. In this episode you’ll learn: Show Notes Report by the National Commission on Technology, Automation and Economic Progress Labor Force Statistics from the Current Population Survey Labor Force, Employment and Earnings - 1977 What the future of work will mean for jobs, skills and wages - McKinsey Global Institute Productivity and … [Read more...]
112: Your Retirement Depends On Robots
How productivity increases due to robots and other technology enhancements should lead to both higher wages and higher investment portfolio returns, allowing workers to save enough to eventually retire. In this episode you'll learn: How industrialization led to a greater variety of jobs.Why the internet is the world's largest copy machine.What things are better than free.How is productivity measured and why is its growth slowing.What are the negative consequences of slower … [Read more...]
72: Will A Robot Take Over Your Job?
How robots and information technology are changing the nature of employment and what humans can do about it. In this episode you'll learn: How robots and other information technology are substituting for labor.How use of robots, automation and technology pushes down prices and wages.What humans can provide that machines never will.Why job skills will be most in demand in the coming years.How the level of academic knowledge needed to complete jobs peaked in the year 2000 and … [Read more...]
